the s&p 500 gained 13. the nasdaq climbed 42. taking a look at overseas trading this morning, tokyo, the nikkei dropped 79 points. in hong kong, the hang seng was up 78. >>> aggressive budget cutting from one of europe's troubled economies did help wall street snap the losing streak yesterday. spain's finance minister announced $51 billion in budget cuts yesterday hoping to convince the world it can meet its fiscal targets. that news helped gold continue its recent climb towards its biggest quarterly gain in two years. >>> earlier, mixed economic data failed to impress investors and initial jobless claims hit a two month low. the final talley on second quarter gdp was lower than expected. >>> after the bell, battered blackberry maker research in motion reported a smaller than expected quarterly loss. shares soared in late trade. >>> discover also got after hours boost from upbeat earnings. nike, however, stumbles thanks to weak demand in china. earlier, apple drove teches and the nasdaq higher. ge, part owner of this network, hit